Diana Shipping Charters Bulker Trio at Higher Rates

Image Courtesy: Diana Shipping

Athens-based shipping firm Diana Shipping has secured charter contracts for three of its dry bulk vessels, the MV Medusa, MV Artemis and MV Thetis.

The Kamsarmax Medusa was charter by Geneva-based Cargill International at a gross charter rate of USD 10,000 per day. The 82,194 dwt bulker,. which was hired for a period of twelve to fifteen months, started working under the new contract on July 6, 2017.

Built in 2010, Medusa was previously chartered to Geneva’s Quadra Commodities at a rate of USD 6,300 per day.

Diana Shipping’s further two Panamax dry bulkers were hired by Hong Kong-based Ausca Shipping Limited, also at higher rates.

Namely, the company’s dry bulk vessel Artemis started working for Ausca Shipping on July 8 for a gross charter rate of USD 9,000 per day. The 76,942 dwt ship’s deal runs for a period of twelve to fifteen months. Earlier, the 2006-built vessel was earning a gross charter rate of USD 5,350 per day under a deal with Geneva’s Bunge.

Thetis, the second ship chartered by Ausca Shipping, is scheduled to start working under the new contract on July 12. Under the deal, the 2004-built ship will earn a gross charter rate of USD 8,350 per day for a period of twelve to fifteen months. The 73,583 dwt Thetis is currently chartered to Transgrain Shipping from Rotterdam at a rate of USD 5,150 per day.

Diana Shipping informed that the employments of the three bulkers are expected to generate around USD 9.85 million of gross revenue for the minimum scheduled period of the time charters.

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